Skip to main content

tv   Glenn Beck  FOX News  July 3, 2009 2:00am-3:00am EDT

2:00 am
gretawire is always up. president has made clear. stuart: we're out of time. we thank you for joining us. glenn beck is next. [captioning made possible by fox news channel] captioned by the national captioning institute >> welcome to the glenn beck program. glen is off tonight. cap and trade, what will it cost you? also, the government says more regulation is good for consumers. who really thinks that? and wait until you hear who is biggest opponent of barack owe embalm ma's tactics are, wait until you see who it is. if you think this country is great but this government is terrible, come on, grab a life raft and follow me. 467,000 more people lost their
2:01 am
jobs in june driving the unemployment rate up to a 26-year high to 9.5% since december, 2007, the economy has lost a whopping $6.5 -- 6 6.5 million jobs. lindsay, let's talk the unemployment situation. i said i know just the person to talk o.t. you have your finger on the pulse of what is going on. what is going wrong right now with 9 1/2% unemployment. that's big number. >> it is going to rise. smaller companies where 80% of our workforce is housed, they are starving for cash. there is no hedge funding no, collapse rallized debt obligations. they're starving for cash. they're laying people off. they're going into liquidation. >> we're talking trillions of dollars, bank loans, tarp, a trillion for ppip. why aren't the small businesses getting the money?
2:02 am
what's going wrong? >> look, banks were given $13 trillion and spent, lent, guarantees and commitments. all that went into the banks to stabilize them, no mandate to lend. most companies haven't had cash for 12-15 months. revenues have precipitously dropped. they don't want to lend to them. there is no money. there was no mandate to lend. we're in a too big to fail, too small to play environment, and it's going to backfire. >> have they earmarked this money for small businesses, would the employment number be better? >> absolutely. either we stay out of the way and let the people rise up and entrepreneurs come together and have a new environment and great purging, but if we choose who we give money to, we have to go to the heart beat of america. we have to have employment. that means we have to save our small and mid-sized companies. >> take a look at this chart of the unemployment rate. let's keep on this issue. you have personal experience in the area of small business.
2:03 am
you buy and sell small businesses. you turn them around in the midsection, really, the heartbeat of the american economy. >> look, the reality is we have 73 different companies across 12 industries. average is $100 to $500 million of revenue. that's the heartbeat of america. i couldn't get lending from outside. if we didn't have our own money -- revenues have dropped 20 to 50% across the board across this country. that means you have to rationalize your expenses. that's the first thing you do and that's what you have to do to restart your business. you don't have capital, you can't pay for things in your business. we're starving them. >> let's talk about the carmakers, the 9.5% unemployment encompasses a lot of people losing jobs at g.m., chrysler, ford and other companies, right?
2:04 am
is this number going to get worse? >> a lot of people were laid off with severance. you don't show up on the numbers until you're on the unemployed line. second of all, the supply base is falling off a cliff. a lot of people hung on to think that car numbers would go up. we just saw leer file for bankruptcy. a lot of the suppliers will go away. some of them will have a chance to recover but it is the liquidation where we lose employment, we lose knowhow, technology forever. the problem is not how high the rate will go but the place we have no place for people to go afterwards. it is the continuing claims that will go up. every great economy has been built on manufacturing. the failure of every empire is the failure to remember that fundamental fact. we must have a manufacturing economy. >> is there still time? the last number i saw, we spent $53 billion of the $787 billion stimulus package so
2:05 am
far, there's a lot of money left. can we still turn this around? >> it depends on how you spend the stimulus. we are fighting whether we buy american or buy goods overseas n the end, you have to get capital immediately into these companies. the only thing we can do at this point is create a private-public investment partnership, where the public goes in with the private sector and makes rescue loans. we need to give people incentives to make rescue loans f we don't have employment, we don't have an economy. there are no green shoots of recovery here. >> let me turn it to an area where you and i don't see quite eye to eye on. it is unions. i contend there is no place for unions in business. maybe 50 years ago there was, but now, it seems to be stiffling business, but you say it is irreplaceable, or should we be looking to go away from the unions? >> for me, it has never been so much the workers and the
2:06 am
unions but the union leaders who aren't worried are about feeding their family each day. i have had great experiences like in oldtown, maine where unions gave up 20% of their wages to restart a pulp mill and create a biorefinery. i have had bad instances where i have had to move out of state and take companies elsewhere because based on the demand, no one could make any money, so in the end even if they are at lesser wages, they are better off having no job jobs that no jobs. >> how do you feel about secretary tim geithner at the treasury? >> we need the ppip not to buy toxic assets that. won't work. they have made too much changes, given too much money to the banks to have the banks sell right now, but really to get people like me to put up $80 million while the taxpayer puts up $20 million, leverage it up another $400 million.
2:07 am
make rescue loans to industry, create jobs in this country. you must create jobs in this country. >> we have to create jobs. one thing you really need to talk to him about, the money that comes back from these bank loans an bridge loans and backstops, where is it going to go? i think it goes to the general fund and i think that's a bad idea. >> look, in the end, if the taxpayer is going to take the risk, that money really needs to come back to the taxpayer. we need to lower certain things so that the taxpayer shared in that. >> i don't remember getting a check in the mail when goldman sachs paid back $8 or $10 or $20 billion. are we are going to see that? >> look, in the end, this is going to be a net-net loss for the taxpayers, that's why letting people pay back early at discounts doesn't make sense. the taxpayer took a across the board risk. you don't get paid by big wins on a discount and forget the
2:08 am
rest. >> thanks for joining us. thanks for delaying your trip away just for the glenn beck show. >> thank you. >> by the way, glenn doesn't like sports but i do. that's why i brought some of this stuff in. i know i shouldn't have it on the table, but the cap and trade bill. it passed the house last friday, and it is an all-out tax on the american family. depending on who you listen to, it could cost american families anywhere between $110, according to the e.p.a., to about $3,000 if you take the numbers from the heritage foundation, guys. that's per family, per year, and i'm not sure why, but never mind the added cost to businesses, because that's going to be big as well. steve malloy is here, author of "gene hell" and kiss horner joins us, author of "red hot lies, how global larming alarmists use fraud to keep you misinfoffed.
2:09 am
glenn beck has been on record saying ok, maybe the globe is getting warmer, but then he goes through a series of what is causing it and what is the best way to fix it and what is the best bang for our buck. give us some ideas. give us some sense of whether you think the government is doing the right thing with cap and trade. >> they are doing the wrong thing. i don't know if the globe is warming or not. claims that global warming is going on is junk science. the notion that somehow congress is going to control the climate is more lewd cuss and worst of -- is more ludicrous, and saddest of all they will saddle the taxpayers with government issued paper over the next 40 years to try and solve this problem. it's ridiculous. we will make people's lives more expensive, less dignified and less hopeful. this is a disaster policy. >> how much more expensive, steve. the range is $110 from the e.p.a., who would like to let you believe it would be very
2:10 am
low and the heritage foundation, a conservative right, who wants you to think it is really big. where are you on this? what is the number? >> i'm going to start by saying even it it is the cost of a postage tamb stamp a day is too much. this is just a political power grab. if you look at the $9 till onworth of carbon allowances congress will put out, it works out to $800 per person, per year, so for a family of four, that's more than $3,000, and when you add in everybody using electricity and these prices are just going to ripple throughout the economy. there is going to be inflation. what good can come from making electricity, making energy more expensive for no other gain? >> chris, the money that is raised, the estimates are massive. you are talking $800 billion a year, $a trillion, $2 trillion. where is that money going? >> it depends. the president in his budget
2:11 am
proposed this as the biggest tax increase in american history, three times as big as the previous big tax, the expiring tax for pay off world war ii. this one just goes up that money would have gone to the government for using energy stamps, a ration coupon to use energy o.t. drag this over the finish line in the house, they bought political cover from industry, and they gave away 85% of the tax reaf knew to the industry for the first, approximately decade. whatever the cost, it is all pain no, gain. nobody said that this kyoto or anything proposed would impact the climate. but if we have to assign a number to, itly take the president at his word, about $300 billion a year. you described heritage as being on the right. tear heritage fook the president's number, the number of the money he wanted to take from the economy to the state and divided it by the number of households in america, and that's where you get the $3,000, but then there is the loss of g.d.p. and so on. it is enormous.
2:12 am
the u.n. this week issued a report that cap and taid will harm our competitiveness and our economy, the u.n.! >> think about that for a second. you will set up a shop, and we just talked to lynn who told us small business is the engine of the economy. will you set up a small business or come here here with cap and trade, say you're a marving company, you will pay more here than in china and every other country in the world who do not have cap and trade bills with the exception of europe, so why wow set up shop here? >> we have an and an eck dote. we have steel jobs that came from pain, because they said they won't make long-term invests in because of the cap and trade. the louisiana steel plant there is going to brazil. you are talking about chasing away the jobs i think you and lynn said are flair,
2:13 am
manufacturing jobs are gone under this, because you are rationing energy through price scarcity. >> i'm going to go conspiracy theory right now. you cap right here, right, you working with me -- >> got my hands right about my eyes. if you drop that cap, what you've done is you have raised money for government, am i not right? at any point in time on this bill, you can drop the cap and raise money. >> absolutely. this is what this is all about. this is about the government making business more expensive, so business has to curry favor with the government. meanwhile, that cap is essentially a cap on energy p production, which means that we're going to have to do energy rationing, so people are going to wind up paying more money for less electricity, and what good can come from that. >> chris? >> it costs more for energy. you need energy to put in your track or or work your fields t takes money to transport those corn, soybeans, gapes,
2:14 am
whatever, from california to the midwest. everything is off. >> remember, the president admitted, this is about coal, which there is a war against because we have centuries of it. the president as a candidate said he would cause your electricity prices to necessarily skyrocket. if you burn coal or mine coal, he will bankrupt you. he was being modest. this is all of your energy prices. energy is embedded in everything, so the cost of everything goes up. remember another statement. senator cardin from maryland said cap and trade rationing is the most significant revenue generating proposal of our time. we don't have tax increases anymore, we have revenue generating proposals. when they tell you it don't costing nothing, they're not telling you the truth. >> it is a stealth tax increase. people will get an gi at the federal government because president obama is camouflaging the tax to come from your lech tring company. people will haitd the local utility, not the right source of the tax. >> steve, what happened to the
2:15 am
nuclear? at one point it was green and then it's missing now. >> it frankly works too well. if you are worried about global warming, and i don't know why you would be, but if you are, then nuclear power is the perfect solution, because it is basically an endless energy supply. it is clean, no co2 emissions but the greens hate it. it is actually the cheapest form of electricity. the greens hate it. they won't let any plant be built in this country. it's not considered renewable energy. it is energy non-grata. >> chris, what do the energy companies say about this? do they expect massive job losses if there is a cap and trade? >> it depends. ken lay at enron invented carbon cap and trade in the mid '90's. he has proteges out there, the head of duke energy was one. he has taken the business plan, and is called "red seeking" where you make your fortune off of government
2:16 am
policy favors. he had an old plate of utilities an would fuel switch and get rid of coal and be paid hundreds of millions to be burn burning gas instead, causing prices to go for up for the fertilizer for the farmers and everything else. the thieves fall out when it is time to split up the loot. that is why this is delayed. the various industry groups still can't feig gure out who is going to get the richest. that is why it is stalled. some nuclear companies are pushing this for a renaissance. g.e. wind used to be enron wind. don't forget that. steve malloy and chris horner thanks very much. great discussion, you guys. even though many members of congress like barney frank have no private sector experience whatsoever, they think they can run banks and businesses better than you and me. what does super regulation look like? next. d a hoveround
2:17 am
2:18 am
power chair, where would you go next? the statue of liberty ? the grand canyon ? the family picnic...
2:19 am
it's all possible with a hoveround. tom: hi i'm tom kruse, inventor and founder of hoveround. when we say you're free to see the world, we mean it. call today and get this free information kit that gets you back on the road to mobility and independence with a hoveround power chair. henry kazimier: "it gives me an opportunity to be a part of the family." before you go out and about, let's start in your home. hoveround's round for a reason design maneuvers through doorways, hallways, kitchens and bathrooms more easily than those other power chairs. debbie bradford: "it goes wherever i need it; wherever i want it." our light-weight contoured seats give you total support and comfort all day long. t.j. thomas: "this chair is so comfortable to sit in, sometimes i don't even realize that i'm in the chair." our hoveround case managers work directly with medicare and your insurance company. and remember... tom: if you have a qualified need, we'll work with your doctor and medicare to get your hoveround at little or no cost. call today! jim plunkitt: "no cost.
2:20 am
absolutely no cost to me." that's right. little or no cost to you. and, you don't have to make calls or handle any paperwork. martha washington: "and that's the truth!" hoveround gives you real independence. so call this number now and receive your free hoveround information kit that includes a video and full color brochure. henry kazimier: "hoveround will make a big difference in the quality of your life." dennis celorie: "i've been in a power wheelchair since 1962. and this is by far the most comfortable chair i've ever been in. it's by far the best chair i've ever owned." henry kazimier: "absolutely the best." tom: declare your independence. call now; you'll be glad you did! there's no cost or obligation. call the number on your screen to get your free video and brochure.
2:21 am
>> throw me the ball, erin.
2:22 am
do i ever play ball with you? >> no, not ever. >> we got to do this. catch! president obama wants more regulation over your financial assets and congressman barney frank says all right, it must be good, right. not so fast says jonathan hoe nig, a fox news contributor. usually we spend time together on saturday morning, but let's get into this. more regulation. czar after czar, car czar, pay czar, health czar, faith czar and now maybe risk czar. good idea or bad idea? >> it is a terrible idea, eric. we had a revolution in this country to get away from the idea of having czars. we are still a country based on free trade, and that freedom means freedom from government, especially when it comes to people's finances. they have the right to trade, you know, between themselves. however they want. some of these obama proposals
2:23 am
put government smack dab in the middle of every financial decision you make in your life. >> speaking of every financial digs you make in your life, the consumer protection agency, it is going to affect me, right, you and everyone? >> absolutely. eric, what do these regulators know? what is the right term for a loan for an interest rate? what is the right amount of are risk for an investment portfolio? these are decisions that individuals have to make by themselves, for themselves, and, you know, just the notion that regulators always know the right answer, for one thing, eric, as you know, all these companies that blew up were highly regulated and anyone who followed the now discredited food pyramid, the one that told you to eat 12 grams of carbs every day knows that regulators don't always know the right answer on how to live your life. >> c.d.o.'s, credit derivative obligations, the leverage bets that banks put on that almost took the world financial system, hedge funds levering
2:24 am
$40, 50, almost 100 times. we needed some regulation, didn't we? >> people who took risks and the risks blew up on them have paid the consequences. a at least those of nus the hedge fund community did. you know the tools that investors used, many quite successfully to hedge risk and expose themselves to risk. the problem isn't lack of regulation. >> let me turn it a little bit. not everyone is going to be involved in hedge funds, et cetera, but everyone has a credit card and just about everyone has a mortgage. what does that mean to everyone who is watching right now? >> well, the regulations will make the mortgage more expensive and the credit card harder to get, eric. all regulators do is stop a transaction from happening, and it's about a push for more regulation. it is this notion of preventive law. what does regulation do? it doesn't punish criminals. it punishes honest businessmen
2:25 am
trying to make a buck for themselves and also provide a valued service for their customers, so yes, perhaps people's credit interest rates will be lower on their credit card, but fewer people have access to credit. that certainly doesn't benefit those at the top or those at the bottom. >> expand on that a little bit. if i'm the government and i say xqz bank you can only charge, i don't know, 10%. who in the world -- abc bank would get in the credit card business if they can't compete at that 10% bank, so everyone out there looking for credit can't get credit. >> that's just it. all these altruistic politicians there would like to think they know and the president would like to know he thinks the right level at which a risk should be priced because bankers are vessel-destructive idiots who we can't trust with a dollar of their own money. that is more and more bizarre mentality that he is leaning towards. we have government running the banks.
2:26 am
glenn has talked about this for months now, running the banks, the auto companies and every element of this economy. a private profit seeking individual is almost off the table altogether. >> at some point you say control free market, but they are actually morons, right? >> i mean, yes. you have either freedom or control, and this country's success has always been built on a notion of individual prosperity and freedom, economic freedom, and, again, i think that, unfortunately, every element that we have done to try to fix the system moves in just the opposite direction. >> jonathan honeig, i interviewed kurt warner, quarterback, next. for those of you who haven't noticed, glenn's off! throw me the keys! i kind of like. it is pretty cool. in case you are wondering who i am, you're not the only one. >> what about eric bowling? >> i don't know eric bowling.
2:27 am
>> do you know who glenn beck is? >> yes, i do. >> ok. what about eric bowling? >> i don't know that name. >> do you know who glenn beck is? >> yes, i do. >> what about eric polling? >> no, i don't know him. >> do you know who glenn beck is? >> yes, i do. >> what about eric polling? >> not really, no. >> do you know who glenn beck is? >> sure do.
2:28 am
2:29 am
2:30 am
printing iou's. join us at 6:00 eastern. now back to glenn beck.
2:31 am
>> hello, america. glenn's off tonight. i'm eric bolling from fox business network. give me a full screen! omg stimulation, bailouts, backstops, bridge loans. is it working? let's check it out. 9.5% unemployment, the worst in 26 years, since 1983. hey, what about all those jobs saved, createed? hmm. not sure. is it working? g.m. and chrysler bankrupt. doesn't seem like it's working for them. california, new york, massachusetts, florida, looking for more money. is it working? i don't know. next screen, are you kidding? spend something up 1,000%. yes! oops. spending on codelel -- congressional delegations on trips are overseas, spendsing tens of millions of your money, trips like the river cruise in paris, how about pelosi's eight days in italy and the three reps we sent to the middle east for $150,000
2:32 am
just for the airplane? brazil. galapagos. and this little one. i don't know. governor, trip to argentina. hmm all right. so glenn is not a huge sports fan, but i am, so i was thrilled to speak with arizona cardinals quarterback kurt warner. he was responsible for one of the most thrilling drives in super bowl history. of course, the cardinals came up short, sorry about that. still an amazing player. warner was a two time mvp and named super bowl mvp in 2000 but despite his professional success, curt and his wife brenda's priorities are their seven children, their faith and helping others in need. they explained it all in their new book, first things first. i spoke with them about balancing life as a superstar athlete and being a family. take a look. what's it like living with a
2:33 am
super bowl mvp and nfl mvp a couple of times? is his head so big he can't get it through the door? >> no, he is not allowed to think that way. he has 7 kids at home. he has a five year-year-old who tell him how many interceptions he threw, and basically he is just dad. >> you have 7 kids that just want daddy time, right? >> exactly. they don't even like football. none of them really like football, because when they see daddy, they see the bruises. they see the different healing process of bruises or just the aches and pains, and they just want dad. they just want him to be able to play and wrestle, so they don't like football. they are ready for him to love on them. >> paging through the book, i learned something interesting. at one point in your career, you had to bag groceries at a grocery store. tell us what took you through that: >> it is one of those things where we have had moments in our life where our dream doesn't pan out exactly like we had hoped, and so you have
2:34 am
to take on something else and do something else along the way while you try to, you know, get your footing and get to where you want to be. that's what the supermarket was for me, is i couldn't find a job, couldn't find anybody that would give me the opportunity to play, but i still had that dream, so, you know, there was a short stint there where i took a job working nights at a local grocery store to help pay some bills an bring in a little bit of money while i was waiting for someone to help me fulfill my dream. >> brenda, let's talk about first things first, the title of the book, and also of the nae of the foundation and charity you have put together. what are you doing with that? >> when curt got up on the stadium after the super bowl win, he put it out there how he wants to live his life. we believe in it strongly in our relationship with god, with jesus and we put things in priority from there, so our foundation basically figures out ways to love on people, and not necessarily change the
2:35 am
world in a big way, but maybe one person at a time, so we work with make a wish. we work with habitat for humanity. we work with people who have like minds, and want to just try and make a difference in this world, and so it is an honor to be able to have a foundation that i don't get into the celebrity thing but we get opened doors to be able to make a difference in people's lives. >> what about you, kurt you have the stardom, but you make time this is working, too. >> that is the greatest thing about it. a lot of people think it is the money or the fame or whatever notoriety might give being on the big screen, but for us the greatest opportunity is being able to meet people along the way that we've had a chance to impact their way in some way, some shape, some form a lot of times we're able to meet a track tickal need, but more importantly, we build relationships, and that's what we know is that five years from now, nobody is going to remember who played in this great super bowl or what i did in my career, but i guarantee you five years from now, the
2:36 am
people we have had an opportunity to touch will never forget that. that's what we want our legacy to be. now an update on a story that glenn has been fired. fired inspector general gerald walpin. the white house fired him because they claim he was confused, disoriented and unable to answer questions. glenn even put the man through the official state mini mental exam. documents provided by the corporation for national and community services shows that walpin is having a friendly confrontation and petty relationship according to "the washington post." hey, he is an inspector general. we should hope his relationship was frequently confrontational. make no mistake, gerald walpin was fired because he was investigating state hope academy with a misuse of grants with kevin johnson's charity, the same kevin johnson who is also friends with barack obama. senate committee staffers are interviewing mr. walpin this week and we will bring you an update when we can.
2:37 am
all right. california is dead broke, so now they're creating their own money in the form of iou's. really? we will ask the governor's office about that, next. p >> do you ever lie awake at night and think, man, i wish i had a scwugeller on hand to explain the role of government interference in our lives? or maybe just a big pile of monopoly money to make sense of foreign debt. lucky day for you! look no further. just record this show every day at 5:00 p.m. eastern. i mean, i'm there you for, baby. you know what i'm saying? i think i made most of the audience just throw up in their mouth just a little bit. there is nothing like a little glenn after hours. oh, i did it again. are remember, midnight snack, and a side of me. they took away my m&m's and replaced them with grapes! i am grossing america out like crazy. join us every day, record theher
2:38 am
than ever before? well now you can, introducing the new... powerful... lightweight... oreck xl platinum vacuum. you don't vacuum open floors, you vacuum rooms filled with furniture. and the xl platinum makes cleaning under, around, and behind them, fast and easy! so take advantage of this limited time no-payments-no-interest-for-one- full-year offer and order your new oreck xl platinum today! call now and for cleaning stairs or up high we'll also send you the powerful oreck handheld vacuum-- a $250 value-absolutely free. hi, i'm david oreck, and this is my new platinum upright vacuum. it's the best upright we have ever built.
2:39 am
i want you to try it risk free for 30 days. you'll also receive a year's supply of filter bags free, plus this incredible steam iron, a $130 value, yours free just for trying the xl platinum upright. what's the secret to being both powerful and lightweight? unlike big, heavy vacuums, the xl platinum gives you the 102-miles-per-hour cleaning power of direct suction at the floor where you need it the most, in an upright that weighs about nine-pounds. an upright that cleans in virtually one pass, drawing it right into a bag that traps 99.9% of all dirt and allergens down to point three microns. the xl platinum is agile enough to get where the dirt is, versatile enough to go from carpet right to tile or wood without any height adjustments. and it's backed by a 10-year warranty. your credit's good with oreck. call now for no payments and no interest for 1 full year. if you like it, keep it, if you don't i'll pay return shipping. "oreck definitely exceeded my expectations level." "i look forward to cleaning now." call now and get the free oreck hand-held, free
2:40 am
filter bags, and free steam iron. it's yours to keep even if you return the oreck power team! no payments, no interest for one full year and free shipping, too! the new powerful, lightweight oreck power team... clean made easy!
2:41 am
>> california started paying its workers in i ou's,? as arnold schwarz schwarzneggar and lawmakers remain deadlocked over how to fix their $26.3 billion budget deficit. joining us now is governor schwarzneggar's press secretary. i'm still trying to do the math. look, you're going to get $15 billion from the federal government, and you're still $26.3 billion short. what am i missing? >> well, the $50 billion is over three years, and most of that has nothing to do with our state budget. a lot of that goes to local communities, to local schools and never goes through the state government system a lot of that is for new projects, new infrastructure or transportation projects that we never had on the books so a very small amount of that federal economic stimulus stuff is for our budget.
2:42 am
one really has nothing to do with the other. >> well, somehow you guys got around the states can't print money. in essence you're printing money with the iou's. >> well, we're handing out iou's starting today because we don't have a budget. the legislature failed to produce a $24 billion solution. we are still working on that. unfortunately, the controller has to hand out iou's. the sooner we get a budget, the sooner we can stop giving out iou's. >> who are the lucky stiffs getting the iou's? >> it is not state workers. though i'm getting 14% less as a state worker, i am still getting paid. the folks who are not going to be receiving checked who will be getting the iou's are the folks doing business with the state, so different vendors, college students will be getting iou's so there is number of those, 28,000iou's going out today. >> let me read this, the governor quoting him. "it is important for everyone
2:43 am
to recognize we are are running out of cash, here is an iou." who is going to back them? >> the governor has been on the phone with banks and three of the largest banks in the last couple of days have said they for some period of time will honor the >> iou's. california has never defaulted on anything. we plan to get a budget fix very quickly, so we don't have to worry about any of that, but in the meantime, the governor is on the horn with the banks an on the horn with the controller and treasurer in the state to make sure we can do everything to make sure we honor those i ou's. >> which three banks? i know bank of america has agreed, but what about the other two? >> bank of america was the first, chase was another. could have been wells as a third one but i have to double-check that. three of the large ones have said so. >> as of a couple of hours ago, it was just bank of america. wells fargo and chase had not made a decision as of just a few hours ago. here is what strikes me about bank of america backing these
2:44 am
iou's. this company is sitting on or using $180 billion of our taxpayer money to backstop them yet they're going to make good on a cal foreign ya io iou^ . this seems ponzi-ish to me. am i wrong? >> i don't think so. look, like i said, we have never defaulted before. we're not going to start now. i believe and the governor believes we're going to have a budget very soon. i think the will is there for the state lawmakers to get this done. we have a $26 billion deficit. the iou goes away once we have a budget fix. our focus is making sure we have a budget and is responsible and makes cuts in state government so we don't have to send out iou's anymore. su is that how you're going to do it, cut spending? >> absolutely. the governor's proposal was to cut $16 billion out of the $24 billion problem, he has proposed $2 billion more in cuts. that's the only way to go. we not going to raise taxes. we have raised taxes $12
2:45 am
billion in this budget. we need to limit the size of state government and shrink programs growing out of control, which is why he is calling for the reforms to certain programs. that's the only way out of this. we have to cut back, just like every american family and every american business is doing right now. >> which programs, specifically, are you looking to cut? >> pensions is a big one, an unfunded mandate in california. ten years ago, law makers in the legislature right now voted voted for a massive increase in pensions. we're looking to reform that and social programs, something called med cal here in california, and something called ihss, the nurses who go into homes and take care of elderly and people who can't take care of themselves, but those programs are growing out of control. there is a lot of fraud and abuse. we can save billions if we reform those programs for other parts of state government. >> adam mcclear, thank you very much, press secretary for
2:46 am
governor arnold schwarzneggar in california. thanks. the queen bee at the white house, the reporters turning on press secretary robert gibbs. is obama's honeymoon over? next. >> look me in the eye right now. america, here is your cigarette. take them. just be quiet for a while. that's the problem, sir! look it up. do your history! all right. let's roll with this. you an insult to george washington, sir! >> love him or hate him, you
2:47 am
ok. oomph. i'm a mommy. i love kids! i'm responsible, loving, nurturing. oooph. momma's coming, baby! [panting, grunts] ah! ah! ahhhh! all: mamma!
2:48 am
2:49 am
>> most people equate helen thomas with the liberal media but even she is sick of president obama's control over
2:50 am
the mead yasm she jumped on chip reid when he asked robert gibbs how obama would choose questions for a town hall in west virginia. >> this is an open forum. >> but it's not open. >> it's based on the information your staff gave us on how the audience and questions being selected. >> how about we do this? i promise we will interrupt the a.p. from asking the first question, and i will ask you the first question tomorrow. >> we have never had control like that in the white house. you people are calling for openness and transparency and you're filtering out the questions. >> even if there's a tough question, it's a question coming from somebody who was invited or was screened or the question was screened. >> let's have this discussion
2:51 am
at the conclusion of the town hall meeting, how about that? >> no, no, no. we're having it now. >> i'm objecting to it now. >> it's a pattern. >> here is andrew bitepart, columnist with "the washington times". thanks for joining us. you saw helen there. she was pointing her finger, she was pointing that pen, and she referenced openness and transparency. she's got a point here, right? >> i think she has a point, but i think the conservatives are policing it here. they think this this may be the openness of the press and turning on obama. this is just a marriage spat between one of the great onscreen romances of all time, barack obama and the mainstream press, and in essence, thomas and chip reid discovered that obama is cheating on them. it wasn't on the appalachian trail, but with the huffington post, and with the sort of
2:52 am
people at town hall meetings. the press is asahi-simbum pat cowith obama on policy. they are angry they got him elected by not questioning him and now he is going to other forms of media to try to propagate the propaganda. >> is that what it is, he can go to the bloggers and he may do that in front of the a.p. or cbs or fox news for that matter, and it is maybe ticking off mainstream media? >> it's definitely what you saw there. you're not going to see them challenge him on healthcare. this is all a procedural issue, and it's about the power relationship between obama and the press. look, i don't know if you saw this, but last week, obama said to jake tapper, you're the pitcher and i'm the catcher, and i think you're finding that they're trying to figure out who, you know, who is in control of this relationship. >> andrew, you were a part of this new media, you know, the
2:53 am
drudge report and huff puff. are you concerned about the way the obama administration is conducting this, where you send in your question, they will go through it and we'll let you know tomorrow whether your question will be read and what order it will be read? >> no. i think it's hopeful, actually, because i don't think -- i used to be a lefty. i used to be liberal until i saw that the media was the democratic party, and i think that the way that the obama administration and the mainstream media is behaving over the last year, to year and a half, where you realize there is no separation between the two, will expose a lot of moderates as to how propaganda can turn into policy in the united states. >> andrew, town hall sounds like it is an open forum, you ask a question off the top of your head and get an answer. that doesn't seem like an open forum to me. >> well, none of them have been, and the pressure to point this out during the election campaign that the press was being orchestrated
2:54 am
just as the town halls they were creating were being orchestrated. this were countless things that went even against clinton-era press. >> the stocking the pond comes to mind. you stock the pond. you put who you want in there. you got to look good. you pick the right questions. he seemed like he was on the ropes a little bit. will we see a new press secretary soon? >> you know what, if the people focused in on him the way that helen did realized he wasn't up to the task and clearly the press could become jealous of the president's new high glancing over at the left media and quite frankly, putting d.n.c. people in positions of asking questions at a town hall. it just makes the press look bad at what it is supposed to be doing. >> running out of time here. andrew, here is your shot.
2:55 am
what is your question to what ak obama, from you? >> i have no questions from barack obama, because he won't listen to my questions. that, to me, is my point that i want americans to see, that the left media is in control. the left is in control of all aspects of power. i'm sitting back and i think eventually the american people will see what i see. >> andrew breitbart, thanks for joining us. >> thank you. >> more as promised, an update on theround power chair, where would you go next? the statue of liberty ? the grand canyon ? the family picnic... it's all possible with a hoveround. tom: hi i'm tom kruse, inventor and founder of hoveround. when we say you're free to see the world, we mean it. call today and get this free information kit that gets you back on the road to mobility and independence with a hoveround power chair. henry kazimier: "it gives me an opportunity to be a part of the family." before you go out and about,
2:56 am
let's start in your home. hoveround's round for a reason design maneuvers through doorways, hallways, kitchens and bathrooms more easily than those other power chairs. debbie bradford: "it goes wherever i need it; wherever i want it." our light-weight contoured seats give you total support and comfort all day long. t.j. thomas: "this chair is so comfortable to sit in, sometimes i don't even realize that i'm in the chair." our hoveround case managers work directly with medicare and your insurance company. and remember... tom: if you have a qualified need, we'll work with your doctor and medicare to get your hoveround at little or no cost. call today! jim plunkitt: "no cost. absolutely no cost to me." that's right. little or no cost to you. and, you don't have to make calls or handle any paperwork. martha washington: "and that's the truth!" hoveround gives you real independence. so call this number now and receive your free hoveround information kit that includes a video and full color brochure. henry kazimier: "hoveround will make a big difference in the quality of your life."
2:57 am
dennis celorie: "i've been in a power wheelchair since 1962. and this is by far the most comfortable chair i've ever been in. it's by far the best chair i've ever owned." henry kazimier: "absolutely the best." tom: declare your independence. call now; you'll be glad you did! there's no cost or obligation. call the number on your screen to get your free video and brochure.
2:58 am
>> yesterday we told you about a tea party taking place here in times square. we went there after the show last night, and for those of you fortunate enough -- oh, i can't say this -- fortunate enough to live outside of manhattan. here is what you missed. ♪ >> the government is broken!
2:59 am
common sense will tell you that! >> this is not a party thing. good grief! this is an american thing. this is like, hello, we're getting ready to celebrate our 233rd birthday. do you want to be free, or do you want to be a slave of big government? >> i live in new york, and i'm tired of all the spending. i have kids that are going to be going to college. i have lost a lot of money. they're going to be paying for the mistakes of the government when they get out of college, if they're lucky enough to find a job. >> good stuff. good stuff. all right. for more commentary on the news of the day, sign up for glenn's free daily e-mail newsletter at, and don't forget to set your tivos to watch this show all week, from new york. good


info Stream Only

Uploaded by TV Archive on